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Mineral Supply Chains Under Pressure as Nations Vie for Key Resources in Energy Transition

  • The United States and other countries are working to secure critical minerals used in technologies like electric vehicles and reduce dependence on China.
  • China dominates the processing of minerals like lithium and cobalt, giving it power over other nations that need these resources.
  • The G7 and others aim to build more secure and resilient mineral supply chains to manage risks.
  • The U.S. is exploring ways to develop its own mineral capacity and partner with resource-rich allies.
  • The rush for critical minerals is fueling resource nationalism that threatens global trade and cooperation.
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